Anyone working in the gas liquids market knows the need (and hassle) to convert global NGLs.
NGLs — a.k.a. ethane, propane, pentanes+, normal butane and isobutane — are shipped all over the world, every day, from export hubs as diverse as Mont Belvieu, Texas, and the Arab Gulf.
These products are the building blocks that power the global petrochemical industry, enhance gasoline octane, keep oil sands moving and much more.
But the moment a gallon of propane leaves the shores of Mont Belvieu, it's not a gallon anymore. Your propane magically converts to metric tons (or tonnes). So, how to keep track — and keep score?
This chart lays it all out for you!
Here's an example:
If Mont Belvieu propane costs 64cts/gal, you would multiply by 5.21 to convert the price to dollars per metric ton (also known as a tonne). Your price is now just over $333/mt.
You can repeat this equation using all the conversions factors included in this chart.
Feel free to share this essential chart with anyone who might need it. And, that's basically everyone who trades NGLs anywhere!
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